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Grow Your Business with Marketing 360: https://www.marketing360.com/?ref=yt-... One of the single greatest tools in a small business owners toolbelt is the ability to critically analyze how their business operates. On that note, today we’re going to talk about a useful technique for analyzing and growing your business - the SWOT Analysis. Originated by Albert S. Humphrey in the late 1960’s, the SWOT Analysis is a powerful decision making tool for any business. Let's dive in! Take a piece of paper and draw 4 squares on it. Title each square Strengths, Weaknesses, Opportunities, and Threats. Strengths: What do you do well What benefits Weaknesses: You don’t know what you don’t know Inexperience No marketing or market share Opportunities: Festival or event sales Competition left New growth Threats: Limited cashflow Can’t hire/retain employees New competition Conclusion: By taking the time to develop a SWOT Analysis you are able to quickly and clearly see a roadmap for your company moving forward both internal and external. #SWOTAnalysis #SWOT #BusinessStrategy --- Marketing 360® is the #1 Marketing Platform® for Small Business. It has everything you need from design, to marketing, to CRM. Powered by Madwire® - voted one of the Nation's Best Places to Work by Glassdoor! Follow Us: Marketing 360® Website: https://www.marketing360.com/?ref=yt-... Madwire® Website: https://www.madwire.com/?ref=yt-desc-... Facebook: / marketing360 Instagram: / marketing360 Twitter: / marketing360 Pinterest: / marketing360 Snapchat: / fuelyourbrand Youtube: / marketing360